REAL ESTATE NEWS

In 2023, the real estate industry witnessed a significant transformation as property owners grappled with the new life choices made by their clients. Many Kenyans were forced to adjust and conform to the changing economic circumstances, with the rental sector being particularly affected. It was…

While enjoying her vacation in Kenya, Carey Njeri, a resident of Los Angeles, stumbled upon an intriguing billboard advertising a property in Malindi. Ms Njeri found solace in the tranquil confines of a gated community, making her one of the growing number of Kenyan diaspora investors embracing the…

Airbnb has made a significant impact on the Kenyan rental market, revolutionizing the way people find short-term accommodations from Nairobi to Watamu, Kisumu to Maasi Mara, and everywhere in between. In response to the housing crisis in 2008, the founders of Airbnb encountered difficulties in…

Kenya's real estate sector has experienced unprecedented growth, surpassing other industries like manufacturing, services, and agriculture. Real estate has become the top pick for investors surpassing once-favored investments like equities. Based on findings, about 40% of wealthy Kenyan investors…

Deputy President Rigathi Gachagua has called upon Indian companies to assist the Kenya Kwanza administration in implementing its development projects. Speaking on Wednesday, The Deputy President urged investors to support President William Ruto's affordable housing project. This appeal was made…

Residents of the upscale Peponi View Apartments have been given a week to vacate their homes or face potential damage caused by structural cracks. The issue came to light after a 31-second video went viral on social media, drawing attention to the houses at risk of collapse due to excavation work…

Limuru has become a sought-after neighborhood for Kenyans seeking rental properties, according to the latest data from the Hass Consult Property Index. The report, which covers the three months leading up to September 2023, reveals a 3.2% increase in apartment rental prices in Limuru. The surge in…

Kenyans are opting to purchase available plots in Ruiru for a variety of reasons. Ruiru, nestled in the vibrant Kiambu County has emerged as a desirable location for real estate investment due to several factors. 1. Proximity to Nairobi: Ruiru is an increasingly popular living option for those…

The Kenya Revenue Authority (KRA) is intensifying its efforts by targeting residential estates in its quest to collect rental income taxes from landlords. On November 3, the Kenya Revenue Authority (KRA) initiated a comprehensive data collection process by sending a notification to property owners…

Christian Lambrechts and Jane Wangui have been recognized for their exceptional achievement in creating the most environmentally sustainable Airbnb facility in Africa. The couple dedicated to conservation hail from Timau, Meru in Kenya. The prestigious award ceremony took place on Monday evening in…